Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity

Kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations of wash trading. The CFTC has not contacted the exchange about the 'unusual' activity, according to the company. Kalshi's response aims to reassure regulators and traders about the legitimacy of the volume spikes.